Risk Management Planning Exercise
- Schedule Compression and Resource Leveling (100 points)
- This assignment consists of 3 parts: questions about resourcing projects, schedule development and compression, and resource leveling.
- Part 1 Questions (20 points)
- Provide responses to the following questions
- 1. What is the purpose of a staffing management plan? What does it address?
- 2. Whom should the project manager consult when performing resource leveling?
- 3. Describe the two primary techniques for compressing a schedule?
- 4. When crashing a project schedule, describe the two criteria that are considered when considering which activities will be sped up.
- Part 2 Project network/schedule -scheduling and compressing a schedule (30 points)
- You’ve been asked to manage a project that includes conducting a two-week (10 working days) computer training class. Using the information in Table below, complete the following:
- Activity
- Immediate Predecessor
- Normal Time (days)
- Normal Cost
- Crashed Time (days)
- Crashed Cost
- A – Obtain Instructor
- None
- 7
- $500
- 4
- $800
- B – Locate Room
- A
- 3
- $200
- 2
- $350
- C – Check Coats
- None
- 6
- $500
- 4
- $900
- D – Room Open?
- C
- 3
- $200
- 1
- $500
- E – Schedule Class
- B and D
- 2
- $300
- 1
- $350
- Prepare a network schedule showing:
- Early Starts (ES) for all activities
- Late Starts (LS) for all activities
- Slacks for all activities
- Critical path and its length
- Non-critical paths and their length
- Schedule Compression:
- What is the crash cost per day for each activity?
- Which activities should be crashed to meet a project deadline of 10 days with a minimum cost? You may assume that you can partially crash an activity.
- What is the new cost after crashing the project?
- Fully crash the project to its minimum duration. Prepare a table that shows (for each day the project length is reduced) the project duration, the activities that are crashed, the incremental crash cost, and the total crash cost.
- Part 3 Resource Leveling (40 points)
- Using the data below
- Activity ID
- Activity
- Immediate Predecessor
- Duration in days
- Resource
- Work Hours per Day
- A
- Evaluate freezers
- 2
- Alcides
- 6
- B
- Chart temperatures
- 6
- Joan
- 4
- C
- Review service record
- 2
- Alcides
- D
- Consult with HVAC engineer
- A, B, C
- 3
- Alcides
- E
- Develop construction plan
- D
- 10
- Joan
- F
- Complete IC assignment
- E
- 2
- Alcides
- G
- Complete ROI analysis
- E
- 5
- Joan
- H
- Conduct regulatory review
- E
- 4
- Joan
- I
- Obtain construction approval
- F, G, H
- 2
- Alcides
- a. Create a project schedule in MS Excel ensuring that it reflects the predecessor/successor relationships identified in the table.
- b. How long will it take to complete the project?
- c. Joan and Alcides are not fully dedicated to the project. Joan is only available for 4 hours each day, and Alcides is available for 6 hours per day. The original estimated duration (in 8-hour days) results in over-allocation of Joan and Alcides. Prepare a resource-leveled project schedule in MS Excel. How long will it take to complete the project in a resource-leveled environment?
- 2 years ago
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